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Nov 22, 2012
11/12
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FBC
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if you tax everybody that obama is talking about taxing, the most you could cut off the someg insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated in a narrative that can be marketed to the masses of people. if you take the tax increases of those making over $250,000 per year, it is a drop in the bucket. 56 billion sounds like a lot of money we're talking about reducing the deficit to something like 1.15 trillion bit of 1.2 trillion. we have to communicate that we have to keep sticking it to them to say that debt is on our children and future and some point the grim reaper will take itack so we have some point when people are hurting bad enough realizing obama has not come in and saved us yet, maybe then they will start listening. >> thank you. me
if you tax everybody that obama is talking about taxing, the most you could cut off the someg insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated...
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Nov 25, 2012
11/12
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CNNW
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you can say, in spirit, that i don't -- i'm against raising taxes in spirit. however, as a legislator, i have to make choices based on what's happening at that moment in time. and if you have -- if you have a rising deficit and you have a country where the economy is stagnating you may have to, in the short term or for longer periods of time raise revenue and you may have to do that through raising taxes. so to have ever taken that position was an extreme position. >> so lawmakers, we're talking about peter king, lindsey graham being the latest ones today, to say they might consider abandoning that no tax hike pledge, similar to how senator saxby chambliss said he would abandon the pledge for the american people. yes, they may have been extreme positions but for a long time most of these lawmakers didn't feel it was extreme, they felt it was the necessary thing to do, they were digging in heels for a very long time. so it does seem hike an incredible page that's being turned here to be able to now say, i'll consider abandoning that. it does seem like there is
you can say, in spirit, that i don't -- i'm against raising taxes in spirit. however, as a legislator, i have to make choices based on what's happening at that moment in time. and if you have -- if you have a rising deficit and you have a country where the economy is stagnating you may have to, in the short term or for longer periods of time raise revenue and you may have to do that through raising taxes. so to have ever taken that position was an extreme position. >> so lawmakers, we're...
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Nov 25, 2012
11/12
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CNNW
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capital gains taxes rise from 15% to 20% for most people who file taxes. taxes on dividends rise from 15% to your top income tax rate which could be depending how much you earn, as much as 39.6%. given that a lot of people rely on those dividends for their income, it's no surprise to see some of the highest dividend-yielding stocks get slammed in the past few weeks. take a look at some of those. but as i've been saying, today, if we can get past this fiscal cliff standoff, there are going to be a lot of opportunities for businesses to blossom and investors to make money, even if there are higher taxes on the horizon. mike holland makes money for his clients. good to see you, welcome to the program. i haven't talked to you for a while. tell me about this drop from november 7th, first of all. how much of that is fear of fiscal cliff, how much of it is people who don't like obama, what was that? >> it's all the aboff. you used the word heebie jeeb bebefore, that's a good, professional description of what's going on. it's an exextension of what we've had since
capital gains taxes rise from 15% to 20% for most people who file taxes. taxes on dividends rise from 15% to your top income tax rate which could be depending how much you earn, as much as 39.6%. given that a lot of people rely on those dividends for their income, it's no surprise to see some of the highest dividend-yielding stocks get slammed in the past few weeks. take a look at some of those. but as i've been saying, today, if we can get past this fiscal cliff standoff, there are going to be...
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Nov 29, 2012
11/12
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KRON
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this would be a good tax refund. i the clock is ticking and we have 33 days until the clift. we love numbers. if we can do it countdown will do with the this is the latest. >> hopefully they can get a deal done. >> lindsay lohan was arrested a gang for fighting. here she is she was released from jail this morning. she has a black jacket covering her head and apparently she identify with that woman as she hitter in the face. this was at a nightclub overnight. the witnesses stated that she struck are in the face with a hand. she did not require medical condition lohan has another arrest under her belt. she is charged with third degree assault. >> 6:53 a.m. and will be right back. it is strauss' size of this is good news compared to yesterday. enjoy your ride to work or school and will be right back. line towards are rust is in trouble. they're having problems fulfilling torrid orders. many customers who place orders stated that they're receiving e-mail sector orders have been canceled. numerous customers posted their stories on torahs are russ facebook page. they stated that cu
this would be a good tax refund. i the clock is ticking and we have 33 days until the clift. we love numbers. if we can do it countdown will do with the this is the latest. >> hopefully they can get a deal done. >> lindsay lohan was arrested a gang for fighting. here she is she was released from jail this morning. she has a black jacket covering her head and apparently she identify with that woman as she hitter in the face. this was at a nightclub overnight. the witnesses stated...
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Nov 24, 2012
11/12
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CNNW
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capital gains taxes rise from 15% to 20% for most people who file taxes. taxes on dividends rise from 15% to your top income tax rate, which could be, depending on how much you earn, as much as $39.5%. given a lot of people rely on those for their income, it's no surprise to see some of the highest dividend yielding stocks get slammed in the past few weeks. as i have been saying, today, if we can get past this fiscal cliff standoff, there are going to be a lot of opportunities for b businesses to blossom and investors to make money. even if there are higher taxes on the horizon. mike is the chairman of holland and company. welcome to the program. i haven't talked to you for a while. tell me about the drop from november 7th, first of all. how much of that is fear of the fiscal cliff? how much of that is people who don't like obama? what was that? >> it's all of the above. you used the word heebie-jeebies before. it's a good professional description of what is going on and an extension of what's been going on since 2008. people have had a negative psychology
capital gains taxes rise from 15% to 20% for most people who file taxes. taxes on dividends rise from 15% to your top income tax rate, which could be, depending on how much you earn, as much as $39.5%. given a lot of people rely on those for their income, it's no surprise to see some of the highest dividend yielding stocks get slammed in the past few weeks. as i have been saying, today, if we can get past this fiscal cliff standoff, there are going to be a lot of opportunities for b businesses...
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carbon taxes cap and trade. manhattan project for alternative energies in the minute or so we have left your thoughts but i think we need to put a price on pollution make polluters pay i mean right now doesn't cost anything to just spew as much carbon pollution to the atmosphere as possible they don't pay the cost of the extra knowledge and i think you know ideally we should look does this country need more revenues is there some sort of debt problem around there so you know we could set up a carbon tax you could either give the money back to the people that you were you know or you could use it to reduce the deficit so i think we are going to need a price on pollution and then a big program to put to push more clean energy into the marketplace right dr stout that's been done by other countries european countries for for decades actually of effectively put a carbon tax particularly on gasoline and diesel fuel hasn't worked. on. well certainly their use of automobiles is not as they're not as for line automobiles
carbon taxes cap and trade. manhattan project for alternative energies in the minute or so we have left your thoughts but i think we need to put a price on pollution make polluters pay i mean right now doesn't cost anything to just spew as much carbon pollution to the atmosphere as possible they don't pay the cost of the extra knowledge and i think you know ideally we should look does this country need more revenues is there some sort of debt problem around there so you know we could set up a...
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Nov 22, 2012
11/12
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FBC
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why do you want to pay more taxes? >> well, i don't want to pay more taxes. i don't think anybody wants here. i'm part of a group called the patriotic millionaires and we are all willing to pay more taxes. so it's clear that all of us, the whole country is in a position where all of us individuals, the working people, the wealthy people, corporations, all of us together have to pay for all of the spending that we have done over the last 12 years. >> why don't we cut spending? why don't we start with something that senator coburn announced today. there is so much that can be saved by cutting nondefense spending, things like a smartphone application. it these are the things we are spending money on. they cut that we can make. >> so we have to do new cuts and paperwork. we have to pay for all of the spending we have done for the last 12 years. and we are kind of all in this together. so i don't think that, you know, i have spent the last two days talking to both sides of the senate. i have spent time talking to representatives in the house and white house. the m
why do you want to pay more taxes? >> well, i don't want to pay more taxes. i don't think anybody wants here. i'm part of a group called the patriotic millionaires and we are all willing to pay more taxes. so it's clear that all of us, the whole country is in a position where all of us individuals, the working people, the wealthy people, corporations, all of us together have to pay for all of the spending that we have done over the last 12 years. >> why don't we cut spending? why...
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Nov 27, 2012
11/12
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KNTV
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tax rates, most democrats want tax rates for those making $250,000 a year to go up. republicans want it to stay the same, but would limit the deductions and close loopholes. there is a disagreement on who should be considered wealthy warren buffet argues that the timeline for the rich should be raised from $250,000 to $500,000. >> we have been open to revenues closed to loop holes as long as it is the tax reform that broadens the base and lowers rates. >> reporter: framing the debate, a no-new tax rate. many of the republicans signed for a group headed by the washington activist tax person, grover norquist. two prominent senate republicans indicated a willingness to break it over the weekend. but more importantly, will the house republicans feel the same way? >> i will tell you when i go to the constituents that reelected me, it is not about the pledge, but really about trying to solve problems. >> reporter: and brian, that is the problem here despite all the happy talk from senate republicans about the potential for compromising on taxes. the real action is between
tax rates, most democrats want tax rates for those making $250,000 a year to go up. republicans want it to stay the same, but would limit the deductions and close loopholes. there is a disagreement on who should be considered wealthy warren buffet argues that the timeline for the rich should be raised from $250,000 to $500,000. >> we have been open to revenues closed to loop holes as long as it is the tax reform that broadens the base and lowers rates. >> reporter: framing the...
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Nov 29, 2012
11/12
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KTVU
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"if congress does nothing, taxes up $2200." that $2200 morphed into a white house twitter campaign - #my2k - to encourage americans to weigh in on the debate. but ultimately, this still comes down to negotiations within, but mostly across, party lines. it's not clear how much twitter or input from small business will sway the balance one way or another. "my view is that i'm happy to be a part of that. i'm grateful for the opportunity and it's not every day that you get to spend an hour in a room with the president." ceos from wall street met with the president wednesday. morgan stanley ceo james gorman is asking his 16,000 employees to reach their members of congress. and at&t's ceo, randall stephenson, is involved with a group called "fix the debt," which is lobbying congress as well. overhaul action is happening overseas. the european commission is proposing a plan that will completely change the eurozone by creating a common budget for the 17 nations. european leaders will talk more in depth about how to keep better track of
"if congress does nothing, taxes up $2200." that $2200 morphed into a white house twitter campaign - #my2k - to encourage americans to weigh in on the debate. but ultimately, this still comes down to negotiations within, but mostly across, party lines. it's not clear how much twitter or input from small business will sway the balance one way or another. "my view is that i'm happy to be a part of that. i'm grateful for the opportunity and it's not every day that you get to spend...
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Nov 29, 2012
11/12
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FOXNEWSW
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the taxes. so an american can escape somewhat but not as effectively as the british. when margaret thatcher reduced the tax we saw an explosion of enterprise and of course a wave of tax revenue came rolling in. we were able to have a debt repayment schedule and the tax emigres came back from the tax havens that remain in the british empire like bahamas and elsewhere. >>neil: john, always a pleasure, if no for other reason than your british accent is better than stuart varney's accent. thank you very much. thank you, john. in the meantime, the man who brokers some pretty night deals for lawrence taylor, what about this one between president obama and speaker boehner? and like s. or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>neil: maybe we just got ahead of ourselves. progress is looking not so good on the budget talks with ed henry at the white house with the latest. i am confused. where are we? >>repor
the taxes. so an american can escape somewhat but not as effectively as the british. when margaret thatcher reduced the tax we saw an explosion of enterprise and of course a wave of tax revenue came rolling in. we were able to have a debt repayment schedule and the tax emigres came back from the tax havens that remain in the british empire like bahamas and elsewhere. >>neil: john, always a pleasure, if no for other reason than your british accent is better than stuart varney's accent....
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Nov 29, 2012
11/12
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KPIX
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scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on law
scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending...
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Nov 27, 2012
11/12
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FBC
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eye 136
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the payroll tax cut. will that go away, because, again, it was temporary ones, temporary twice and it will still be a higher tax. >> im so glad you brought up the amt. nobody has really been focusing on this. that would be bigger than even extending the bush tax cuts. you are talking about $2 trillion in additional taxes on americans over the next decade if we do not fix this thing. of course, it is because they have not indexed this for inflation. it reverts to the level it was in 1993 where the level would only be about $45,000. think about this. when you mention those 30 million americans, those are rich people. those are people earning 100-150,000 dollars. they will let the payroll tax rise back to where it was before they temporarily suspended it. dagen: do you think, though, bottom line, we will get higher tax rates on wealthier americans? >> it really depends on the president. the republicans have put a pretty fair deal on the table. they are willing to put a cap on deductions. a lot of conservativ
the payroll tax cut. will that go away, because, again, it was temporary ones, temporary twice and it will still be a higher tax. >> im so glad you brought up the amt. nobody has really been focusing on this. that would be bigger than even extending the bush tax cuts. you are talking about $2 trillion in additional taxes on americans over the next decade if we do not fix this thing. of course, it is because they have not indexed this for inflation. it reverts to the level it was in 1993...
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Nov 26, 2012
11/12
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FOXNEWSW
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that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateable donations that could be affected by income in the new year but something to think about if you have something on hand. >> the alternative minimum tax always gets complicated. >> don't sweat it. this is the amt tax. a lot of folks worry about it they haven't had to pay it before. 34 million more american households will be subjected to this ant tax if we fall off the fiscal cliff. they are saying don't fan panic about it. that many more households affected they are likely to come to some sort of agreement by the end of the year. >> that's good nis. why should we pay for next semester's tuition before the end of the year? >> you are still
that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateable donations that...
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Nov 29, 2012
11/12
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FBC
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tax everybody at same rate and tax at lower rate. liz: sheila, the thesis of your idea, why you're on today, talk about forget congress and the president for a moment, congress wall street has to step up. special treatment they get has to stop. what is your idea of wall street and how it should get involved? >> that would be one big one. that is 90 billion a year i believe. there is another question whether we should subsidized excessive leverage at some of these financial institutions. right now the tax code actually gives financial institutions a financial incentive to fund themselves by borrowing a lot of money as opposed to funding themselves with shareholder equity. so some have suggested capping that. if you're levered over certain percentage or number of ratio, 12 to one i suggest, you don't get interest deduction. another way to do it which would be more expensive, equalize treatment of interest and dividends to deduct dividends. that might mate i can more palatable for some to stop treatment for income. but, i think those, t
tax everybody at same rate and tax at lower rate. liz: sheila, the thesis of your idea, why you're on today, talk about forget congress and the president for a moment, congress wall street has to step up. special treatment they get has to stop. what is your idea of wall street and how it should get involved? >> that would be one big one. that is 90 billion a year i believe. there is another question whether we should subsidized excessive leverage at some of these financial institutions....
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Nov 29, 2012
11/12
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KQED
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, it would put you in the 50% tax bracket. it means i would get $125 million, free and clear, which is my money. i would invest some of it in the stock market, donate some of it to the churches. >> i would take a lump sum. >> reporter: why would you take a lump sum? >> because i don't know how long i'm going to live. >> tom: we spoke with susan bradley, founder of the sudden money institute and a certified financial planner. susan, tha thanks for joining us. an inheritance or a lottery -- how do you make that decision between taking a lump sum or stretching out the payments. >> you take a lot of time before you get to that decision. it is certainly not your first decision. your first thing to do is change management. we do a triage to see what is most important, and we deal with urgent things first, that are really going to affect well-being. usually the lump sum versus payment is something that you can put off for at least a month or two. >> tom: are we culturally bias to take the money and run now, compared to wait a generat
, it would put you in the 50% tax bracket. it means i would get $125 million, free and clear, which is my money. i would invest some of it in the stock market, donate some of it to the churches. >> i would take a lump sum. >> reporter: why would you take a lump sum? >> because i don't know how long i'm going to live. >> tom: we spoke with susan bradley, founder of the sudden money institute and a certified financial planner. susan, tha thanks for joining us. an...
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Nov 25, 2012
11/12
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anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli officials are expected to meet monday to discuss details of that cease-fire. >>> to egypt now where what's happening makes well, the arab spring look like it never ended. we remember the crowds of demonstrators, protesters, a regime bent on consolidating and preserving its power. that was then. this is the scene right now. demonstrators are back spending the night in tahrir square. president mohamed morsi announced sweeping new powers for himself. ordering egyptian court not to overturn any decree or law issued since he took office. as the crowds gather there's a growing unease over what coul
anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli...
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Nov 27, 2012
11/12
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KTVU
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the president wants tax breaks for 98% of americans and 97% of small businesses, while raising taxes on the wealthy. most republicans remain against tax hikes and want to cut spending on social programs such as medicare and social security. however, the latest tone out of washington is encouraging. "as thomas jefferson said, and this is a quote, 'we should not put off tomorrow what we can do today.'" "the only balanced approach is one that includes real and lasting reforms, so republicans have stepped out of our comfort zone." in the latest manueverings, the obama administration points out the typical american household will pay $2,200 in additional taxes next year, which could hurt consumer spending by $200 billion in 2013 and threaten christmas shopping this season. house speaker john boehner and a few other key republicans appear willing to consider tax hikes. billionaire warren buffett chimes in that tax hikes won't stop the wealthy from investing. in our cover story, the woman who led the securities and exchange commission after the 2008 financial crisis is stepping down. mary s
the president wants tax breaks for 98% of americans and 97% of small businesses, while raising taxes on the wealthy. most republicans remain against tax hikes and want to cut spending on social programs such as medicare and social security. however, the latest tone out of washington is encouraging. "as thomas jefferson said, and this is a quote, 'we should not put off tomorrow what we can do today.'" "the only balanced approach is one that includes real and lasting reforms, so...
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Nov 23, 2012
11/12
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FOXNEWSW
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state hoyce are joining law makers pushing for 18.4 percent tax hike. the tax last raised in 1993. hundreds of our nation's heros getting a warm welcome home in new jersey. vol tierce greeted the soldiers and served them a traditional turkey dinner with all of the trimmings. >> motorcycle is coming and all . people that greeted us was a wonderful experience. nbest thing i had seen in years. >> and this speed and truth event is held every year. >> that is your five on five. nthis morning, israel arrested the person behind wednesday's bomb blast on a bus in tel-aviv while the cease fire between israel and hamas is holding up. peter doocy has more in washington. >> good morning, patty. twen people - 27 people were injured when the bus exploded and an an arab-israeli is in custody for planting the bomb. pam pal militants with ties to hamas and other islamic jihadist in tel-aviv to plant the bomb and call would the handlers it was in place and they dialed a mobile phone that triggered the blast. the man admitted to carrying out the terrorist attack and now we'll wait and see if authorit
state hoyce are joining law makers pushing for 18.4 percent tax hike. the tax last raised in 1993. hundreds of our nation's heros getting a warm welcome home in new jersey. vol tierce greeted the soldiers and served them a traditional turkey dinner with all of the trimmings. >> motorcycle is coming and all . people that greeted us was a wonderful experience. nbest thing i had seen in years. >> and this speed and truth event is held every year. >> that is your five on five....
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Nov 24, 2012
11/12
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CSPAN
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eye 95
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they learn, what is the right for to put equipment on the tax touch fuel do you need? -- -- right floor to put equipment on, how much fuel do you need? they learn how to coordinate with first responders in advance. we meet with the mat and the department of homeland security and fcc -- fema and the department of homeland security and fcc to make sure that the folks have the right credentials in place to be able to get through blockades that public safety puts in place. the investment is ongoing, it is tremendous, to make sure that these networks continue to run. >> what is the cost of this storm to your member organizations? >> it is not something that anyone really looks at. i think they look at it as part of the business of making sure the networks are up and running, that consumers continue -- i have not seen a number. i do not expect i will. it is important in the context of the company continuing to operate, but it pales in comparison to the desire to keep the networks up and running. >> will consumers see a rate increase? >> i do not expect so. we generally do no
they learn, what is the right for to put equipment on the tax touch fuel do you need? -- -- right floor to put equipment on, how much fuel do you need? they learn how to coordinate with first responders in advance. we meet with the mat and the department of homeland security and fcc -- fema and the department of homeland security and fcc to make sure that the folks have the right credentials in place to be able to get through blockades that public safety puts in place. the investment is...
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Nov 22, 2012
11/12
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CSPAN
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it is not conservatism bound to 35% tax rate. that is not one of the immutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country. >> do you want to comment a little bit about what you expect from the next six weeks? not even six weeks? however many weeks it is now between -- between now and the start of this booklet. working in the white house limits what you can say, but how you see his plan at between now and january? >> steve is exactly right, all the you are seeing a very concerted members of the house dig in on a no revenues. it is good to see many republicans saying yes. i cannot get into a lot of details -- i think it is unrealistic to expect next week we will
it is not conservatism bound to 35% tax rate. that is not one of the immutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country....
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Nov 26, 2012
11/12
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CSPAN
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and i think taxes. we had a fight where you had the president advocating to increase taxes on people who made more than $250,000 a year. >> looking ahead at the agenda, how big is climate energy? >> if you look at what to this country needs to do to create jobs, having a sound energy policy makes incredible sense. i think there are it a lot of voters who cared deeply about this. voters have said repeatedly this is an issue they want addressed moving forward. from an economic standpoint and for the future of the country. >> you think the president will do something dramatic? >> he has a plan to move forward. >> is the new democratic movement dead or no longer relevant? >> i think that our party has always been the big party and we have different views and that is healthy. that is exactly why i believe i am a democrat. i believe our vision of the country has a lot of people working across party lines and there are folks in our party who all want to do one thing. that is work to move the country forward. w
and i think taxes. we had a fight where you had the president advocating to increase taxes on people who made more than $250,000 a year. >> looking ahead at the agenda, how big is climate energy? >> if you look at what to this country needs to do to create jobs, having a sound energy policy makes incredible sense. i think there are it a lot of voters who cared deeply about this. voters have said repeatedly this is an issue they want addressed moving forward. from an economic...
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Nov 26, 2012
11/12
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KNTV
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tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we have to show the world we're adults. the election is over. >>> to overseas now, where egypt, the country's newly elected leader there has granted himself unchecked power. it's sparking days of violent clashes and sent the country's stock market into free fall. nbc's jim maceda joins us live now. good morning to you. >> good morning, lynn. it's a critical day for mohamed morsi, a former leader of the muslim brotherhood which began on thursday when he issued the decree putting all his decisions effectively above the law. he said he was doing that to protect egypt's very slow move towards democracy from the judges and prosecutors mostly hand picked by hosni mubarak who were seen as sabotaging the process. the backlash was huge, was immediate, the past four days with national strikes, a sit-in on tahrir square and on goin
tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we have to show the world we're adults. the election is over. >>> to overseas now, where egypt, the country's newly elected leader there has granted himself unchecked power. it's sparking days of violent clashes and sent the country's stock market into free fall. nbc's jim maceda joins us live now....
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Nov 29, 2012
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rates going up on the middle class now. >> we're not going to raise taxes on those people. i think we should make that clear to everybody. >> reporter: bottom line, no deal yet. both sides are still talking. and both sides signalling that they're willing to give some ground to get this done and get it done on time. lynn. >> thanks so much. >>> it's not how he wanted to get there but former governor mitt romney heads to the white house. president obama is hosting his campaign rival at a private lunch. no reporters will be allowed in. it is the seventh time the two men have met face-to-face. it's going to be the first time since the election. there are no details on the meeting. in his victory speech, president obama said he hoped to speak with romney about how to move the country forward. >>> despite another rough day of meetings with republican senators, u.n. ambassador susan rice received a new vote of confidence. this time from the president and secretary of state hillary clinton. the president called rice extraordinary during a cabinet meeting she attended. clinton led a
rates going up on the middle class now. >> we're not going to raise taxes on those people. i think we should make that clear to everybody. >> reporter: bottom line, no deal yet. both sides are still talking. and both sides signalling that they're willing to give some ground to get this done and get it done on time. lynn. >> thanks so much. >>> it's not how he wanted to get there but former governor mitt romney heads to the white house. president obama is hosting his...
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Nov 23, 2012
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raising tax rates. i think raising tax rates a bit will be okay for the overall marketplace and stock marketplace. but if you raise tax rates too much, i think we can have severe problems with the private sector not want to go hire because they are insure about what their tax bill is going to be at the end of 2013. without any clarity they will back off hiring. rick: the fed chair says make a deal here and the economy looks to be in good shape. so this is the concerns. if no deal is struck we know what happens. we jump off the cliff. if a deal is struck, something everybody can feel relatively good about even though everybody will feel pain, what could that mean for the overall economy? >> i think if there is a reasonable deal struck for the overall economy. then we also -- you have got to keep in mind we have a credit rating in this country that has been hurt and if a deal is not met, then our credit rating could be hurt as well. so i think if a deal is met we have -- i think it will be temporary in na
raising tax rates. i think raising tax rates a bit will be okay for the overall marketplace and stock marketplace. but if you raise tax rates too much, i think we can have severe problems with the private sector not want to go hire because they are insure about what their tax bill is going to be at the end of 2013. without any clarity they will back off hiring. rick: the fed chair says make a deal here and the economy looks to be in good shape. so this is the concerns. if no deal is struck we...
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Nov 24, 2012
11/12
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obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want to talk about taxes. let's also take a look at entitlements and speppeding cuts and so far, the white house hasn't put forward anything on paper that they are willing to discuss. >> that is one of the hardcore issues here. there is an idea coming from the democrats we are going to raise taxs and off set it by raising taxings. we have a staggering economy and unemployment and we'll hit 50 million americans on food stamps and no end for that number to constantly grow even as unemployment rates went down. we are adding to people on food stamps which doesn't make sense. how do youriform th
obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want...
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Nov 23, 2012
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for republicans that means revenue through tax reform. for democrats that means entitlement and spending changes and unions are saying no way to any type of changes for medicare, medicaid and social security, launching a lobbying and ad campaign targeting democratic and republican lawmakers in pennsylvania, missouri, virginia and releasing a statement saying we cannot cut our way to job creation. balance the budget at the expense of the middle class and destroy programs that provide economic security for millions of americans. one conservative says these groups that telling the president what he already believes. >> he likes the read transfer of income from one group to another under government control. he is for that. he did not fix the unsustainable entitlement programs. >> we are early in the negotiating process and democrats have shown a willingness to discuss and unchangeds which makes these labor unions nervous. dave: even though retail sales were down our next guest says we will see an improvement in holiday season sales this year.
for republicans that means revenue through tax reform. for democrats that means entitlement and spending changes and unions are saying no way to any type of changes for medicare, medicaid and social security, launching a lobbying and ad campaign targeting democratic and republican lawmakers in pennsylvania, missouri, virginia and releasing a statement saying we cannot cut our way to job creation. balance the budget at the expense of the middle class and destroy programs that provide economic...
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Nov 27, 2012
11/12
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cuts for the top 2% because it's bad economic policy. >> reporter: the president's tax plans got some support from legendary investor warren buffett today. writing in the new york times, buffett says higher taxes won't lead the wealthy to go on strike and give up promising investment opportunities. darren gersh, "n.b.r.," washington. >> tom: talk of the fiscal cliff threat didn't seem to hurt cyber monday, the biggest online shopping day of the year. americans are expected to spend $1.5 billion online today according to research firm comscore. that's up 20% from last year, as retailers pull out all the stops to get shoppers to click on their websites. erika miller has more. >> reporter: many americans were hard at work today. but others were hardly working-- using high speed office computers to scour the internet for bargains. others browsed at retail stores, but used mobile phones and tablets to make their purchases online. >> but internet shopping is more than just price comparison this year. it's about going shopping with friends and family even when they're not there. >> it makes
cuts for the top 2% because it's bad economic policy. >> reporter: the president's tax plans got some support from legendary investor warren buffett today. writing in the new york times, buffett says higher taxes won't lead the wealthy to go on strike and give up promising investment opportunities. darren gersh, "n.b.r.," washington. >> tom: talk of the fiscal cliff threat didn't seem to hurt cyber monday, the biggest online shopping day of the year. americans are expected...
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Nov 22, 2012
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>> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to fight for this and i think that the republicans have to ask, do we really want to go down fighting and is this the mountain we want to die on fighting for 1% of the country? and so i'm not going to predict. i don't know what's going to happen because i found the behavior of people on the hill very unpredictable. >> it is. and something else on the table, the president's health care law coming from folks saying it's such a huge driver of the economy if fully implemented it has to be up for negotiation. house speaker john boehner wrote an op-
>> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to...
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Nov 26, 2012
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tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you for joining us, stewart. a pleasure. >>. >> 12 minutes before the closing bell. right now the dow jones industrial average is lower by 54 points. nasdaq higher by 70 point. >> violent protests in egypt are one of the many hot spots around the globe affecting our markets. we'll round off all of them and find out how they are affecting your money coming up next. >>> plus, one top democrat says members of his party threatening to jump off the fiscal cliff. they say, do it already! he says that's a business mistake. sandra levin joins us from capital to tell us why he thinks it's a baddied. working since i w
tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you...
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Nov 29, 2012
11/12
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let tax increases for the top 2% of earners go up. but the top gop leader in the house says that's a no-go. >> the goal here is to control the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options ar
let tax increases for the top 2% of earners go up. but the top gop leader in the house says that's a no-go. >> the goal here is to control the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas...
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Nov 25, 2012
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. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no dat
. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come...
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Nov 28, 2012
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friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run states. >>> good information there, diane. >>> thank you so much. 15 minutes before the hour. that's the rundown. if your mom is nagging you about getting married we determine if that mom of yours is normal or nuts. sometimes it is easy to spot a liar. >> it is a bit extreme. >> that's the thing nowadays. >> he said he would accent my facial features. >> it does. it accents your facial features. >> they say practice makes perfect especially when it comes to telling tall tales. speaking of that let's check in with bria
friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run...
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Nov 28, 2012
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for the very highest tax rate? maybe not 39 1/2, maybe more like 35, but he can say i met with these experts and they're the reason i'm backing off of that? >> reporter: no, i don't think he would do that. that would not be a good political strategy because wall street the among the most unpopular segments with the american public. and the president's stance right now for raising taxes for people at the top of the income scale is very popular with the public. what he's got to do is convert that into to effective support in congress while also getting people in his own party to agree to cuts in these spending programs, especially the entitlements of medicare and social security which are so explosive in their costs. >> all right, john, thanks a lot for giving us the latest there. john harwood from the white house. and of course, as ceos come walking out of that meeting, we'll bring you the latest from there. >>> fear of gridlock in d.c. causing a big exodus in stocks. $9 billion flowed out of u.s. equities last week
for the very highest tax rate? maybe not 39 1/2, maybe more like 35, but he can say i met with these experts and they're the reason i'm backing off of that? >> reporter: no, i don't think he would do that. that would not be a good political strategy because wall street the among the most unpopular segments with the american public. and the president's stance right now for raising taxes for people at the top of the income scale is very popular with the public. what he's got to do is...
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Nov 29, 2012
11/12
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so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful, but i wouldn't put me anywhere near optimistic. >>
so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >>...
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Nov 29, 2012
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so if we raise everyone's taxes, it'll be a $2 trillion tax increase. well, if we raise it only on the rich which the president wants to do and the democrats, that's 40% of the nation's income. so it'll be a $900 billion tax increase. it isn't about who the tax increase is on. that's simply envy and class warfare. it's about how much money you're going to take out of the private sector. $900 billion taken from the private sector is an enormous drain and will hurt economic growth. doesn't matter whether it's rich people, middle class or poor people. it's money taken out of the productive sector, the private sector, and given to the nonproductive sector, the government. >> finally, we started the conversation talking about the pledge. when senator graham does, though, indicate his commitment is softening, do you have words with him later on? does he get scolded behind the scenes? >> i don't do any scolding. it's not my job to tell other senators or congressman how to vote or what to think. i try to communicate what i think is the message of our party. the
so if we raise everyone's taxes, it'll be a $2 trillion tax increase. well, if we raise it only on the rich which the president wants to do and the democrats, that's 40% of the nation's income. so it'll be a $900 billion tax increase. it isn't about who the tax increase is on. that's simply envy and class warfare. it's about how much money you're going to take out of the private sector. $900 billion taken from the private sector is an enormous drain and will hurt economic growth. doesn't matter...
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Nov 28, 2012
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so when you tax a dividend, you're double taxing it. it's already been taxed once. >> right. so by that logic, let's get rid of all taxes on dividends so wealthy heirs basically pay no taxes. >> pension funds would be better off. everybody would be better off. >> look, one of the problems with these, you got to keep in mind, dividend tax rates right now are at a historically low level. they were much higher in the 1990s during that bull market. they were higher in the 1980s. >> not relevant to my point i was making. >> you're talking about completely different economic conditions as well. you're talking about a country that's scraping the bottom, coming from a recession, where any level of contraction is going to be damaging. >> jeff, we have to cut you off. bob is waiting. you know how he gets. guys, good discussion. thank you. >> all right. we started 100 points down. we finished 100 points up. bob, it's a fiscal cliff soap opeon on the -- opera on the street. >> we dropped about 10:00. we had disappointing october new home sales. that was one little disappointing piece of
so when you tax a dividend, you're double taxing it. it's already been taxed once. >> right. so by that logic, let's get rid of all taxes on dividends so wealthy heirs basically pay no taxes. >> pension funds would be better off. everybody would be better off. >> look, one of the problems with these, you got to keep in mind, dividend tax rates right now are at a historically low level. they were much higher in the 1990s during that bull market. they were higher in the 1980s....
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Nov 26, 2012
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and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's willing to break the no tax pledge that he made when he first ran for office. and guess what? now he has company. fellow republican senators lindsey graham and bob corker say that under the right circumstances, they too are willing to break ranks. what is the republican world coming to? john avalon, straight to you, cnn contributor, writer for daily beast newsweek. i want to get your reaction to the news we heard from jay carney, we now know the president has spoken by phone over the weekend with boehner and mcconnell. might this be progress? >> yes, it might be progress. that's a good thing. you go
and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's...
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Nov 24, 2012
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so, that's what we could give more tax cuts, more tax breaks to corporations, that create these job training programs. >> okay, and i can't believe i'm listening to this, rick. >> rick: less than a minute, go ahead and respond. >> okay, but poor people in this country have it too good and we need to give tax cuts to corporations. >> that's not what i said. >> that's exactly what you said. >> that's not what i said. >> and when we've never had this big a gap between the rich and middle class in this country we need to look at reforming corporate welfare not getting poor people-- >> angela do you want to respond to this before we run out of time. >> now what it's sad that liberals want to treat the poor as second class citizens keep them on the federal plantation, just come vote for us and get a free check. give people a job to give them integrity and dignity. >> rick: angela. >> people are looking for jobs right now. 8% unemployment almost. >> rick: this started off really, really nicely somewhere along the lines we went off the rails a little bit, but we have a couple more weeks to talk abou
so, that's what we could give more tax cuts, more tax breaks to corporations, that create these job training programs. >> okay, and i can't believe i'm listening to this, rick. >> rick: less than a minute, go ahead and respond. >> okay, but poor people in this country have it too good and we need to give tax cuts to corporations. >> that's not what i said. >> that's exactly what you said. >> that's not what i said. >> and when we've never had this big a...
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Nov 22, 2012
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that is my side job. >> raising taxes is not the answer. >> we have to raise taxes from the upper income people. >>neil: i understand that. the only way to do it in your eyes is to raise the rates? >> well, just raising taxes is not going to do anything. >>neil: that is the only thing on the table, senator. >> you cannot increase taxes on american business or families. the next three days are critical. >>neil: so you are open to closing loophole credits? you don't want to increase tax rates but you are open to offer the democrats, all right, you want to address revenues and closing loopholes you are open to do that? >> in the next 53 days that is something we have to do as long as we do not increase taxes on the membership. >>neil: i am trying to save the world here. >> everyone wants tax cuts and wants to get rid of loopholes. >>neil: you would be on to that as a starting point? >> no question. >>neil: maybe we can broker this agreement right now. >>neil: i thought i was on the verge of getting them to do something. but, no. >> if you are an elected official and unwilling to look at ref
that is my side job. >> raising taxes is not the answer. >> we have to raise taxes from the upper income people. >>neil: i understand that. the only way to do it in your eyes is to raise the rates? >> well, just raising taxes is not going to do anything. >>neil: that is the only thing on the table, senator. >> you cannot increase taxes on american business or families. the next three days are critical. >>neil: so you are open to closing loophole...
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Nov 22, 2012
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they can put some pretty rudimentary information in the tax filing filings and we might never know a lot of forces behind some of the spending. >> woodruff: so is there any backlash to that? and what are the lessons being talked about, the lessons learned from this election? >> well, there are many efforts right now to pass legislation to change this. there are a lot of questions about the rule by the irs, is or is not cracking down on these groups, which are social welfare therkz are politically active. i think there will be increased scrutiny. whether anything can happen and change i think is really going to be up to congress. >> woodruff: eliza, how do you see the future in the next election, in the next election for these groups? >> well, they're gog continue growing and they're going to remain very active and they're going to keep pushing the envelope as much as they can but i think there's a sense of inevitability in the so-called reform lobby that this is going to lead to scandal and corruption, and i think there's a growing sense on capitol hill that this system ast is curren
they can put some pretty rudimentary information in the tax filing filings and we might never know a lot of forces behind some of the spending. >> woodruff: so is there any backlash to that? and what are the lessons being talked about, the lessons learned from this election? >> well, there are many efforts right now to pass legislation to change this. there are a lot of questions about the rule by the irs, is or is not cracking down on these groups, which are social welfare therkz...
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Nov 26, 2012
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take the alternative minimum tax. if the inflation index isn't advanced for that and i believe republicans and democrats want to do it, 23 million middle class americans will have a 2,000 to 3,000 dollars tax increase on that alone. >> let me interrupt you for a second. i was making this point a little earlier when you start talking about these financial things, you know, the i don't want so say minutia but the more specifics of the negotiations and what the numbers mean and the two different sides will tell you that the numbers are different, it is kind of hard for the average person on who doesn't have an mba to figure out what's going on here. >>> john mccain is suggesting the republican party should focus on bigger issues and leave abortion alone. during an interview yesterday the senator said while he is proud of his pro-life position, there are bigger things to worry about like the economy and national security. police are admitting they missed a potentially key piece of evidence in the casey anthony murder inve
take the alternative minimum tax. if the inflation index isn't advanced for that and i believe republicans and democrats want to do it, 23 million middle class americans will have a 2,000 to 3,000 dollars tax increase on that alone. >> let me interrupt you for a second. i was making this point a little earlier when you start talking about these financial things, you know, the i don't want so say minutia but the more specifics of the negotiations and what the numbers mean and the two...